Kitchen Remodels & ROIs: What Buyers Are Looking for Today

In 2017, a minor kitchen remodel offers the 4th best return on investment (ROI) out of any home improvement projects, so when doing so, it’s important to do it right. Since the kitchen is likely one of the first things potential buyers see when going through your home on an open house or showing, it’s easy to see how making a good impression with your kitchen can help sell your home quicker and for more money. However, you do want to be sure not to overdo it. As a general rule, don’t spend more than 10% of your home’s value and prioritize projects that will as value without putting a dent in your wallet.

For kitchen improvements to help sell your home quicker, look at things that will increase visual appeal such as backsplashes, appliances, and cabinets. A backsplash can brighten a kitchen and make the kitchen seem cleaner. New appliances will keep buyers from having to purchase them on top of purchasing their new home. (In most cases, stainless steel are the best in terms of upkeep and visual appeal). Cabinets can make the kitchen seem cleaner, newer, and show the buyer how much storage space your home has to offer.

For kitchen improvements that increase property value, look into countertops, cabinet hardware, and more storage. New countertops in granite or butcher block are very in right now and can really give any kitchen a facelift. Cabinet hardware is an easy and inexpensive upgrade to cabinets that cannot afford to be replaced. And if the hardware itself isn’t cutting it, try a fresh coast of stain or paint. More storage such as an island or pantry appeal to almost every buyer in showing them where they can put all of the electrics, dishes, utensils, and dry goods.

When doing nay of these projects in the kitchen, be careful to keep one eye on the buyer and one eye on your wallet. Don’t spend more than you can afford, and don’t go crazy with elaborate marbles, double ovens, and fancy sinks. Keep it simple and clean. In the end, you just want something that makes your kitchen look better and that will give you some sort of ROI when you go to sell.

If you are looking for help with a kitchen remodel, or buying or selling your home, contact The Elizabeth Monarch Group at 502-371-1155 and at theelizabethmonarchgroup.com.